Mark Joseph Boucher of Carlsbad California a stockbroker formerly registered with Raymond James Financial Services Inc. is the subject of a customer initiated investment related written complaint which was settled on January 24, 2020 for $542,444.83 in damages based upon allegations that (1) the customer’s signature had been forged by Boucher and (2) the customer’s assets had been stolen by the stockbroker during the time that he was associated with Raymond James Financial Services.
This is not the first time that Boucher has been the subject of an investor dispute containing allegations of his misconduct. Financial Industry Regulatory Authority (FINRA) Public Disclosure indicates that Boucher is referenced in a customer initiated investment related complaint where the customer sought $36,500.00 in damages based upon accusations of false statements being made by Boucher relating to the surrender period on a variable annuity that he sold to the customer while registered with NYLife Securities Inc.
FINRA Public Disclosure also reveals that Boucher has been twice terminated from employment for his transgressions. He was terminated by Prudential Insurance Company of America supported by allegations of his improper life insurance policy replacements. He was also discharged by SCF Investment Advisors Inc. on May 22, 2019 based upon admitting to having misappropriated customer funds.
Boucher’s registration with Raymond James Financial Services was terminated on March 31, 2016.
